Is there a need to have a high lump sum when setting up an account with Syfe, does it make a big difference as opposed to having a lower lump sum and an average of maybe $200 monthly?

Hi there! There is no absolutely no investment minimum with Syfe. The fields for lump sum and monthly investment you see are indicative. Their main purpose is to help you create your own investment plan. If you end up not following the amounts indicated, it is perfectly fine as well.

Whether you start with a higher lump sum or not is up to you. Some customers prefer to DCA, so they will go with a smaller initial investment and monthly contributions. This can be an effective strategy as well since it gets you in the habit of regular investing.​​​

Up to preference. If you wondering about the part when you set the portfolio and they ask you, its actually just for your own reference. In the end is OTOT deposit de. And whatever you deposit gets invested straight away.

Cost wise. You might say DCA is cheaper? Since they charge fees by month so if you DCA your NAV starts small and grow just as your fees will. Then lump size you get the bigger fee starting the first month.